Amyris Inc (AMRSQ)

[finesand]

Who puts their money where their mouth is? (revised)

Assuming 21M OS, they bought:
- already: 24.22M shares, 54% of company @ $5.91/sh
- with Cash Warrants max: 42.62M shares, 67% of company @ $5.64/sh

DSM already converted all of the preferred into common shares, they had a look into the books before the deal and don't need the preferred privilege for fears of a bankruptcy. There will be none. Vivo also bought 2.83M common shares and will convert the 3.04M on 10/7.

All in all, this is like a 54 - 67% buyout of the company at $5.60/sh - $5.90/sh or $143M - $241M and the stock shall move accordingly.

Note that the full purchase proceeds incl. Cash Warrants does cover the whole debt payments of the company of $227M (10-Q Note 5 Details), see below.

Also attached the adjusted fundamentals & modeled 3Q17 and 4Q18,
nice job zeroone01.

PS: Lowered purchase price due to adjusted Cash Warrant conversion price down to $5.30/sh. Also the T-2 Cash Warrants were missed.

+++